Don,
Here is the layout:
Anti-Predatory Lending Worksheet
HOEPA APR SPREAD TEST 1st lien Other lien
Maximum Spread 8 10 Member Name:
Two year Treasury Rate Member Number:
Five year Treasury Rate Borrower Name:
Ten year Treasury Rate Loan Number:
Thirty year Treasury Rate Total Loan Amount: $1,000,000.00
Maximum APR 8 10 Date of Application: Mar-07
Loan APR Type of lien:
Loan Term: 7
Did it Pass the APR Spread Test ? Is there prepaid, single-premium
credit life, credit disability, credit unemployment, or other similar
credit insurance?
Treasury Date: Feb-07 Do the Loan Documents Require Mandatory
Arbitration? (Refer to Mandatory Arbitration tab)
Treasury Term: 5 Is the bank charging prepayment penalties for the
payoff of the loan beyond the first five years of such loan?
HOEPA Points & Fees Test (Paid by the Borrower)
Finance Charges: HUD Series
Origination Fee 801
Discount fee 802
Assumption Fee 807
Flood certificate with Life of Loan 808
Loan Administration Fee 809
Application Fee 810
Rate Lock-in Fee 811
Underwriting Fee 800 Series
Commitment Fee 800 Series
Tax Service 800 Series
PMI 902
Closing/Settlement Fee 1101
Completion Inspection Fee 1300 Series
Construction Draw Fee 1300 Series
Courier Fee 1300 Series
Fax Fee 1300 Series
Final Construction Appraisal Fee 1300 Series
Delivery Fee 1300 Series
Loan Prospector Fee 1300 Series
Wire Fee 1300 Series
Non-Finance Charges:
In-house appraisals 803
Title Insurance / Examination 1108
Credit Life/Disability Premiums 900 Series
Doc Prep Fees
Total Fees: 0.00
Amount Financed (from the TIL disclosure): $1,000,000.00
less total non-finance charges 0.00
"HOEPA" Loan Amount: $1,000,000.00
Total Fees/"HOEPA" Loan Amount: 0.00%
Did it pass the Points & Fees Test ?
Did it pass HOEPA?
This did not turn out too nice I can email it to you if you would
like. I have to have each loan go through this test and be saved.
That is why I need 50-60 tabs. But if you think there is a better way
to filter I am open to suggestions.
Thanks
Maggie